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Search Results 0 to 39 of about 40 (some duplicates have been removed)
and health care reform was done. when we look at deficit reduction, it's four or five deals, each one in endless, horrible slog through the d.c. marshes. in the second term the two things we are going to see, it does not look like we are going to see much more on jobs. the white house is not fighting hard. they have not made infrastructure a condition of moving forward. we got $600 billion in the fiscal cliff. republicans are going to make a decision to include revenues or whether or not they are going to make a decision that is better to do no more reduction over the second term. if it is what it takes to keep the president from getting more tax revenues. >> let me ask this. what i hear you saying is deficit reduction. it seems as though we have a president who is legitimately a deficit hawk. he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president i
friend, and i am glad his dog made it through so he could be here. he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. bob zoellick is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from an important country to exporting.
component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training, science medical research, all the things that help us grow. now, step by step we've made progress toward that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago, i signed in a law more than $600 billion in new revenue by making sure the wealthiest americans begin to pay their fair share. when you add the money that we'll save in interest payments on the debt, altogether that adds up to a total of about $2.5 trillion in deficit reduc
, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumber some, awkward thing to do. what they did was create this debt cerealing which meant t ce could issue bonds for chunks of money not related to every single law that was passed. it was just because it was cumbersome. it is not a debt control or spending control measure. the president used an analogy today, used many, to say this is like eating at a restaurant, having your fill and not paying the bill. if you want to discuss -- >> dine and dash. >> yes, dine and dash. we have two problems. one is we have to understand the terms of this thing. this is about increasing the treasury's ability to pay for things that have already been committed to by the government. the danger is if you have this discussion about not paying it, those who lend you money seem to think you're not serious about this. imagine having this conversation with american express on the line. we weren't supposed to eat out that much last month. we're only goin
about the deficit implication. allegedly these guys are saying they want to try to help our debt situation. the debt held by the public is about $10 trillion. that makes the math kind of easy. if we lurch from crisis like this every couple of months, at some point our creditors, the folks who lend ution money, are going to insist on an interest rate premium. suppose it goes up 0.1%, ten basis points. that is equivalent to $10 billion more of debt obligations, and the last time we even bellied up to this debt ceiling debate according to the bipartisan policy center, it cost us about $19 billion over ten years because of the very interest rate affect i'm defining. this is a manufactured crisis mentality with the goal of disparaging government and slashing the heck out of social insurance and spending. make no mistakes about it. >> to jared's point, it does nothing to the deficit. >> it makes it worse. >> it makes it worse. >> paul ryan has never been interested in deficit reduction. if you look at the ryan -- >> hang on a second. i just listened to him as the vice presidential cand
can't finish the job of deficit reduction through spending cuts alone. simply put, the president got his tax increases in the last congress. it's time for this congress to tackle washington's spending bing. i'd like to recognize the gentlelady from indiana. >> mr. chairman, my message otoday is simple. on too many big items, congress has been kicking the can down the road for years. it's time to supply real leadership on the most pressing challenges we face. this is the only way we can restore trust in congress. we're fast approaching a dead end. the social security trust fund will be bankrupt in 20 years. medicare and medicaid are not on a sustainable path. it is wrong for us to make proppingses to the american people we know we cannot keep. ms. brooks: we must address the drivers of our debt, medicare, medicaid, an social security. not because these programs don't have merit and certainly not because seniors currently benefiting from them don't deserve with they've been promised. because real leadership isn't about making the easy choice, it's about maybing the right choice. social
in an administration, did any of the deficit deals that we did, were those occurring at the same time as debt ceiling raises? >> they all do. >> we've heard that that -- i'm not going to accept that, not going to do it, not the way it's done. we're not a banana republic. how many can you recall, deficit deals were affected? it's something that's done, is it not? >> standard operating procedure. we all learned about the power of the purse of democracy. back then, it used to be taxes because they couldn't borrow. now, you can borrow. taxes aren't the only strains what government can spend. the parliament and congress has to be able to control the borrowing level. that's government 101. >> is zit in g-- dis in geingeny we've already been to the restaurant and trying to stiff the bill? it wasn't the $800 stimulus or any of the things the president's done, it's congress? >> first, you're raising debt limits to cover future spending. fact one is the money hasn't been spent yet. that's not true. >> it's sort of disassembling. >> that's a good word for it. the second fact is congress hasn't approved the mone
in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, l
bills. but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at the start of his second term. let's get more from white house senior correspondent bill plante who's about a mile from the white house. bill, good morning. >> reporter: good morning to you, rebecca. well as president obama's first term morphs into his second there's really no change to a jen da. but for the next couple of days a brief holiday from gridlock and a window for celebration. last-minute preparations are under way at the capitol where the president will take the oath of office and at the parade reviewing stand at the front of the white house. because the constitution says
of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal clif
it doesn't add to our national debt and deficit when we are going to be at $20 trillion by 2016. jack lew has a lot to answer for but if every democrat votes for him, he needs five republicans to vote for him. senator sessions is a measured guy. when he makes a comment like this, i really think the senate should pay attention. >> arthel: we're going to go a little bit down the list. john brennan who is the choice leader. c.i.a. lindsay graham saying they shouldn't confirm until the administrationlab rates the attacks in benghazi. how do you see this playing out? >> i think john brennan is going to have the easiest time getting his nomination through. there will be a the couple tough questions from benghazi and also talking about enhanced interrogation procedures. ultimately those are things that happened under the bush administration. we don't torture anymore. i believe brennan is going to have a significantly and i think at the end of the day the nominations are going to saim through. >> arthel: go ahead. >> i love it when progressives against bush on drones and git more and everything e
and find common ground over the deficit we cannot afford a debate about whether or not they should pay the bills they have already racked up. congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. >> we are not going to do it without putting in place a spending reform. these cuts promise to transpire but never do are not going to do the job any more. >> senate republican leader mitch mcconnell wanted to say the president needs to get serious about it. you can see the battle lines clearly drawn in washington. >> also pointing out in 2006 president obama then senator voted against raising the ceiling. >> they discussed his time spent in prison whether he feared for his life and what the first moments were like for him. >> i came in the prison around 3 in the morning. initially there's some pressure put on me. they tried to export money from the family, but the american consulate was contacted and they moved me out of the general population and put me into like a single place by myself. >> how did they try to export m
an indepth look on how to plan, how he plans to fix the deficit and whether or not it's going to work as he suggests. during sleep train's huge year end clearance sale, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. plus, get free same-day delivery, set-up, and removal of your old set. and through monday, get 3 years interest-free financing on selected models. but hurry, the special financing offer ends martin luther king, jr. day. don't miss the year end clearance sale at sleep train. superior service, best selection, lowest price, guaranteed. ♪ your ticket to a better night's sleep ♪ >>> president obama struggling with the debt ceiling, that's always a fun comedy premise. wow. this will be good. debt premise. no, president obama told congress it must raise our debt limit because the u.s. is, quote, not a deadbeat nation. yeah. and the president added, by the way, if china calls, i'm not here. >> conan o'brien poking fun at the latest financial crisis. comedians, of course, joking about it. the country's debt, one of the big issues facing the pre
for the legislative battle. it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are going to go to the country making our case and let the voices, the voice of american people to be heard. >> it will be separate from the democratic national committee. the white house dmc chair debbie watson schultz. describes her as an obama outsider who never enjoyed a close relationship with the president. >> isn't that the question you would love to be asked what are you going to do with the leftover 5.3 million? >> i don't anticipate that in my life. >> a too bad hopefully you share the wealth. >> dumped several inches of s
in the late 1980's when we didn't have to talk about how to pay for disaster assistance because the deficit was only $3 trillion. but we've so badly mismanaged our money after that, by the time we got to hurricane katrina in 2005, that we actually did start talking about offsetting and paying for disaster relief and paid for and offset about 40% of it. but we didn't learn. we didn't learn from those mistakes and we've continued to mismanage our money and to run up our deficit to such a point now where we're at $16 trillion today and it's incumbent upon us to have the discussion about whether or not we have the money to do this. and whether or not it's important enough to us to pay for it. i wish very much that we weren't here today. i wish very much that we could pass this and easily borrow the money, without any questions whatsoever. but we've wasted that opportunity. we've mismanaged our own finances to the point where we are now no longer capable of taking care of our own. think about that for a second. in the united states of america we do not have enough money to take care of our own c
budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might how about the committee's outlook. i will be happy to entertain other questions as well. yes? >> just to clarify a little bit on the gdp dragon on the tax hike, was that on the payroll and income tax increases? >> that is correct. >> the 1.25% dragon, was out for the whole year? -- the 1.25% drag, was that for the whole year? >> we think it will be for the whole year of fiscal 2013. >> with the labour market and some improvement on as quick as it was, without just -- there was some sentiment that it might be slowing down. >> we are seeing drags on consumer spending, but also from the ongoing recession in europe and j
to a federal deficit budget. the not long ago in a hotel ballroom not that far away -- an idea was born. >> we're watching a new online tool called me the people to allow americans to directly petition the white house. >> reporter: it was a noble concept, the kind of thing obi-wan or obama wan kenobi would have thought of. >> help me, obi-wan kenobi. you're my only hope. >> reporter: to go on to the website, and petition for change. if 25,000 citizens agreed, the administration would respond. but faster than a light sabre, people began petitioning for all kinds of strange things from recognizing ping-pong as a school sport to deporting piers morgan for his views on guns, but the most popular idea of all -- >> i have a bad feeling about this. >> reporter: a petition to, quote, secure resources and funding and begin construction of a death star by 2016. the reason? to, quote, spur job creation and strengthen our national defense. nearly 35,000 people went online and agreed, and the white house, true to its word, responded saying intergalactic domination probably isn't the best idea in the univer
going to reduce the deficit. he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure necessarily he should get stopped. this was the president's choice. the president did win the election. the president does have the right to make appointments and this is one of his appointments. but what he told congress was totally false and probably knowingly false. >> steve: i'm sure when he's called before that senate committee he's gog have an explanation of what he meant then and what he means now. >> they were tough statements and terrible statements and they couldn't have been more wrong. >> steve: yeah. turns out to be that case. all right. mr. trump, thank y
high. sweeping change to gun control. immigration reform. taking on climate change. cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the last three months. at the very same time, the other side is fractured. destroying themselves. they're even threatening impeachment over the issue. we want all tools available to use including impeachment. >> could that build up to make a case for possible impeachment. >> all options should be on the table, undoubtly. >> and if that weren't enough, they're back. that's right, the birther brigade is stronger than ever. 64% of americans think president obama is hiding important information about his early life. 64%. no wonder the gop is going off the deep end. and no wonder the president is looking better than ever joining me now, jonathan kapart. thanks for coming on the show tonight. >> 64% is questioned about the president's earl
which is the gold pack. the canadian physician past three books, how attention deficit disorder rich and its and what you think about it as well as when the body says no proof the three books and the dvd of his most recent address for $300. charles, thank you for making that call. thank you so much for your call. you're getting my book, a signed copy of "static." charlotte, getting the speech from mate. david, bellingham, washington. fill the phone lines. dexter, washington read don, dallas, texas. chang, florence, oregon. to use so much for that pledge. -- thank you for that pledge. santa rosa, tucson, arizona rid keep these phone calls coming. washington. 866-359-4334. we are offering "the rich and the rest of us" summit that call that makes it possible for link tv to continue. old orchard beach, maine. thank you so much to maryland from minnesota. thank you so much for that call. 866-359-4334. kristin, utah. ruth, venice, california. thank you so much for that call, stephen, making sure that illinois is in the house. another stephen from new orleans, louisiana. san no gifts, just
disproportionately locally driven. cities cannot run budget deficits, so what happens when you something like the great recession. cities all over the country having to scale back if they can't find the budget deficit. that's what you don't want to do this, local employment during an economic downturn. >> even the fiscal cliff to be right about now. >> this is a huge thing. justice program provides grants to law enforcement to hire more police. that program could easily be 20 or 30 times its billion dollars figure size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree 18 what the professor outlined in the latter part of what he said is to go after illegal gun market among law-abiding people. we're talking about felons on gun violence from the people engaged gun sales illegal under any interpretation of the law. and go after people with records carrying guns illegally. that's been done in cooperation with u.s. attorney in chicago. it's been reasonably good. they think the important thing is to find ways to go after crimina
to prioritize the government's bills. what's wrong with that idea? guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had over $2 trillion. we had 1.5 trillion that came from previous actions. and then we added just a few days ago some further deficit reductions through some increased taxes on the very wealthy of this country. so we have already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we have never tried that before. host: is it feasible? guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a deadbeat nation really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, secondhand, much of the leadership within the house republican caucus, not all of it, i think some realizes the potential consequences. host: if
this. yes, it may run up the immediate deficit, but once again, for every dollar that we invest in those levees we not only save lives and property, but we put people to work and we get the economic engine going. further up in my district, again, along the sacramento and the rivers, i have a project that's 44 miles of levee that clearly will fail. it has failed four times in the last 60 years. lives have been lost. one of the most catastrophic failures of a levee happened in this stretch of river. we need to rebuild that. the federal government's role in these construction projects of these levees has gone back to the very beginning of this nation and it is congress' task to allocate the money to decide the projects that are going to be built. but unfortunately we tied ourselves in knots here with certain rules that have been put in by our republican colleagues that prevent us from taking the necessary action to protect our communities. we're not talking about, you know, willy nily unnecessary projects. we're talking about saving -- nilly unnecessary projects. we're talking abou
our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. unanimitydon't have in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to r
of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in the last hour stewart varney and martha talked about some of the abuses that continue to go on. people know that their tax dollars are being wasted. we need to get the spending under control. bill: two days ago brit hume told us this will be bloody, this battle. will it? >> the future of our country is at stake here and t
talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that story where he admitted an affair with a woman from argentina back in 2009. >>> look at this, unless you're a little claustrophobic. this oregon woman spent nearly four hours trapped in an eight-inch space between an apartment building and a 20-foot wall. this happened early wednesday morning in downtown portland. apparently she fell from a second floor smoking area and getting her out was not easy. firefighters had to cut through a section of wall and used air bags to widen the space. lieutenant rich chapman is the firefighter who pulled that woman out. >> we were assuring her we were doing everything to get her out. we weren't going home without her. that was it. we used basicall
remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes sense that better, more experi
veer -- inadvertently did not disclose information, you are put at a credibility deficit with the public, and sometimes it is hard to dig out of that. it is very difficult for organizations, especially in a crisis response, to think about just releasing the information before it's asked for and remove that deficit. i've been involved in several situations where the information was available and the information was understandable and probably mitigated some of the concerns, but because of the way the companies in the government work, it was difficult to make that transparent and then catching up with that with the american public is really, really difficult. nancy and marcia, we had talked about this with jay a lot. one of the problems we have in mental anguishing impacts -- measuring the impacts of the spill in the gulf is the lack of the background of the presence of hydrocarbons as a baseline for understanding there had been a change. in the context of moving beyond the direct aims of the research that's going to be conducted with the bp money, what do you think the lar
. the problem is if you'd inadvertently did not disclose information, you are put out a credibility deficit with the public, and sometimes it is hard to get out of that, and it is difficult for or organizations to think about releasing the information before it is out for. -- asked for. i have been involved in several situations where the information was available and understandable. it mitigated some concerns. it was difficult to make that transparent, and catching up with that is really difficult. one reason for the impact was the lack of information as a baseline for understanding there had been a change. as a context for moving beyond the research done, what do you think the larger research agenda ought to be about? >> the hydrocarbons in the continental shelf and inland areas are pretty well known. it is the deep sea we did not have information for. i think the deep sea ecosystem is an area we need to emphasize, and some of the longer living organisms such as marine mammals. one of the issues is the effect of multiple stressors. we have some smart jury is that were heavily oiled, and s
's fake money. >> suze orman, you rock. >> thank you. you get to pay off our deficit. >> the suze orman show airs saturday night at 9:00 p.m. and 12:00 a.m. eastern. you already knew that. >> we're taking a walk on the wild side with patrick monihan. >> no, kate, don't do it. [ female announcer ] what makes florida's natural orange juice taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported. they're raised right here in florida, and passed with care from our hands to yours. 100% pure. 100% florida. florida's natural. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios waiting for your wrinkle cream to work? neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. to visibly reduce fine lines and wrinkles in just
Search Results 0 to 39 of about 40 (some duplicates have been removed)